Appital, the provider of peer-to-peer price discovery and liquidity sourcing technology, has fully integrated its Insights tool with FactSet's Portware Execution Management System (EMS).

This integration allows FactSet Portware asset management clients to access Appital Insights liquidity with a single click directly from their EMS.

Appital Insights Integrated with FactSet Portware EMS

The integration also introduces a new “Live Watchlist” functionality within the FactSet Portware EMS. It allows buyside institutions to evaluate the feasibility of executing larger Average Daily Volume (ADV) orders without alerting the market, mitigating the risks of information leakage and price erosion.

FactSet serves over 206,000 investment professionals worldwide. The company's multi-asset class Portware Enterprise EMS aims to assist a wide range of asset managers and hedge funds, including some of the largest in the industry, in managing the intricacies and scale associated with contemporary investment practices. The system incorporates embedded analytics, sophisticated decision support tools, and modern automation capabilities to support its users.

"Portware clients will benefit from a synchronized and dynamic update of their “Live Watchlist” in Appital, allowing them to assess the viability of executing larger ADV orders without risking information leakage or price erosion,” said Mark Badyra, the CEO of Appital.

Last year, Appital and Turquoise, owned by LSEG, launched a collaborative platform called Appital Turquoise BookBuilder. Its aim is to help institutional investors in search of liquidity.

Appital Insights Gains Traction with Buyside Community

Since its launch in September 2023, Appital Insights has been making waves in the industry as a first-of-its-kind initiative that unlocks liquidity previously inaccessible through traditional electronic trading venues.

By leveraging Appital Insights, buyside traders and portfolio managers can gain exposure to liquidity events in relevant equities that meet their specific ADV or pricing thresholds.

Appital Insights continues to gain traction among the buyside community, amassing $4.0 billion of liquidity since its launch. The value has doubled since mid-December when the company last reported on its buy-side liquidity . The platform has facilitated average orders of 2.5 days ADV, with opportunities ranging from $1 million to $200 million.

“Asset managers expose orders to Appital Insights without fear of signalling to the market because there is no matching or execution at this level of platform interaction,” Badyra added.

Growing Adoption Among Asset Managers

In addition, more than 40 asset managers representing over $15 trillion in Assets Under Management (AUM) have already signed up to Insights. An additional 60+ asset managers, managing a further $30 trillion in AUM, are currently in the onboarding stage. This marks a significant increase from the 22 onboard asset managers when Appital Insights was first launched in August 2023.

In a recent update, Appital announced that John Coules has joined its business development team. Coules, with a significant background, spent 17 years as a pan-European equities sales trader at HSBC, preceded by 13 years at Lehman Brothers. Concurrently, the company has launched a new feature designed to improve opportunistic liquidity in the market.